SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  SCHEDULE 13G




                  Under the Securities and Exchange Act of 1934
                                (Amendment No. 1)

                          Lindsay Manufacturing Company
                  ---------------------------------------------
                                (Name of Issuer)

                                  Common Stock
                  ---------------------------------------------
                         (Title of Class of Securities)

                                    535555106
                  ---------------------------------------------
                                 (CUSIP Number)


     Check the following box if a fee is being paid with this statement [ ].


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*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).







CUSIP No. 535555106                     13G                  Page 2 of 4 Pages



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1.    NAME OF REPORTING PERSON(S)
      S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON(S)

      Luther King Capital Management Corporation     I.R.S. Identification No.
      301 Commerce Street, Suite 1600                75-0163033
      Fort Worth, TX 76102

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2.    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                        (a) [ ]
                                                                        (b) [x]

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3.    SEC USE ONLY



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4.    CITIZENSHIP OR PLACE OF ORGANIZATION

      Fort Worth, Texas

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NUMBER OF             5.   SOLE VOTING POWER
SHARES                     572,000 Luther King Capital Management
BENEFICIALLY
OWNED BY              ----------------------------------------------------------
EACH                  6.   SHARED VOTING POWER
REPORTING
PERSON                ----------------------------------------------------------
 WITH                 7.   SOLE DISPOSITIVE POWER
                           572,000 Luther King Capital Management

                      ----------------------------------------------------------
                      8.   SHARED DISPOSITIVE POWER

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9.    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

      572,000

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10.   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*


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11.   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

      4.9%

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12.   TYPE OF REPORTING PERSON*

      IA
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CUSIP No. 535555106                     13G                   Page 3 of 4 Pages



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Item 1.    (a)  Name of Issuer:
                Lindsay Manufacturing Company
           ---------------------------------------------------------------------
           (b)  Address of Issuer's Principal Executive Offices:
                214 East 2nd Street
                Lindsay, NE 68644
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Item 2.    (a)  Name of Person Filing:
                Luther King Capital Management Corporation
           ---------------------------------------------------------------------
           (b)  Address of Principal Business Office, or if None, Residence:
                301 Commerce Street, Suite 1600
                Fort Worth, TX 76102
           ---------------------------------------------------------------------
           (c)  Citizenship:
                Fort Worth, Texas USA
           ---------------------------------------------------------------------
           (d)  Title of Class of Securities:
                Common Stock
           ---------------------------------------------------------------------
           (e)  CUSIP Number:
                535555106
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Item 3.    Luther King is an Investment Adviser registered under Section 203
           of the Investment Advisers Act of 1940.

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Item 4.    (a)    Amount Beneficially Owned:
                  572,000

           ---------------------------------------------------------------------
           (b)    Percent of Class:
                  4.9%

           ---------------------------------------------------------------------
           (c)  Number of shares as to which such person has:
                (i)   sole power to vote or to direct the vote
                      572,000
                (ii)  shared power to vote or to direct the vote

                (iii) sole power to dispose or to direct the disposition of
                      572,000
                (iv)  shared power to dispose or to direct the disposition of

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Item 5.    Ownership of Five Percent or Less of a Class

           If this statement is being filed to report the fact that as of the
           date hereof the reporting person has ceased to be the beneficial
           owner of more than five percent of the class of securities, check the
           following: [x]

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Item 6.    Ownership of More than Five Percent on Behalf of Another Person



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CUSIP No. 535555106                     13G                  Page 4 of 4 Pages



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Item 7.    Identification and Classification of the Subsidiary which Acquired
           the Security being Reported on by the Parent Holding Company


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Item 8.    Identification and Classification of Members of the Group


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Item 9.    Notice of Dissolution of Group.


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Item 10.   Certification

           By signing below I certify that, to the best of my knowledge and
           belief, the securities referred to above were acquired in the
           ordinary course of business and were not acquired for the purpose of
           and do not have the effect of changing or influencing the control of
           the issuer of such securities and were not acquired in connection
           with or as a participant in any transaction having such purpose or
           effect.


           Signature

           After reasonable inquiry and to the best of my knowledge and belief,
           I certify that the information set forth in this statement is true,
           complete and correct.

Date:           January 16, 2002

Signature:      /s/ J. Luther King, Jr.
                ----------------------------------------------------------------

Name/Title:     President